Funny, you’d think Wally Piper’s classic children’s book, The Little Engine That Could, would have been a rich source for cartoon metaphors, but I’m pretty sure this is the first time I’ve ever used it.
The tragic oddity of the economic recovery now well underway is how few people are yet benefitting from it. Wall Street is doing just fine, thank you. The markets are closing in on their old record levels, and bonuses have reached and exceeded pre-recession numbers. Corporate profits are at an all-time high, with companies sitting on two trillion dollars in cash, but so far they’re refusing to spend that loot on hiring.
We appear to have succeeded in becoming a third-world nation in terms of the divide between the haves and have nots. Where, I wonder, is the Egypt-style popular revolt? How long before the people take to the streets?